Payroll and employee relocation

Accurate and timely calculation of wages, as well as the correct organization of employee relocation are essential aspects for any company that wants to maintain regulatory compliance and ensure employee satisfaction. Correctly organized payroll and relocation of employees provide a number of advantages:

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✅ Compliance with legislation— ensures compliance with tax and labour law.
✅ Employee confidence and motivation— Accurate and timely payment of wages contributes to loyalty and satisfaction.
✅ Effective budgeting— correct accounting of wages and related costs helps to optimize the company's resources.
✅ International mobility— legally correct relocation of employees at international level.
✅ Avoidance of punishments— exact compliance with tax and migration requirements avoids possible penalties.

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What are the main elements of calculating wages and transferring employees?

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Companies in Latvia and internationally must ensure various aspects of payroll and employee mobility processes:

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✅ Calculation of gross and net wages— accurate calculation of gross wages, taxes and social contributions.
✅ Tax and social contribution reports— regular reporting to the State Revenue Service (VID).
✅ Preparation of employment contracts— provide legally sound contracts for local and international employees.
✅ Relocation of employees abroad— processing of work permits, visas and residence permits.
✅ Optimization of international taxes— ensure compliance with local and international tax requirements.